We don't like L&G UK Stockmarket

This fund has an identity crisis. Although L&G places it in its actively managed range, the fund guidelines state the object is to track the capital performance of the FTSE100 Share Index.

If it is a tracker, it has under-performed both the FTSE100 Index and other FTSE100 Trackers.

Alternatively if it really is an actively managed fund, it is one of the poorer performing funds in the UK All Companies sector.

Although the fund has a nil initial charge, the annual charge is a stonking 2%. Investors should consider switching over to L&G's UK Index Fund that tracks the All-Share Index with an annual management charge of 0.5% or look at iShares that are continuously traded and have lower charges.